I
began a recent presentation before a large group of cattle producers
(R-CALFUSA) by showing a paper dollar bill and a silver coin. The words
“one dollar” is inscribed on both the coin and the paper,
yet the paper dollar will only pay for about one quart of gasoline at
today’s prices, while the silver dollar will pay for well over
five gallons. I explained to my audience that consumer prices are not
high – the paper dollar has lost most of its value. It makes no
difference how high the price of gasoline goes, a silver dollar will
continue to buy gas for 20 cents a gallon, exactly the price gas was
during the Great Depression. Based on 1940 prices, a paper dollar is
worth about two pennies.

Today
in America, we are being systematically robbed of our property because
we have allowed the Federal Reserve to flood our banks with fiat, worthless
paper money. There is actually a law against paper money but nobody
seems to know about it. The Supreme law of the land is the US Constitution,
which stated in Article I Section 10: Individual states are “not
allowed to make any things but gold and silver coin a tender in payment
of debts.” The Constitution also states that “Congress has
the power to COIN money and regulate the value thereof.” Our Founding
Fathers knew how a central bank printing paper money would collapse
our economy. Had we followed the US Constitution to the full letter
of the law, gasoline would still be 20 cents a gallon. As the dollar
continues to lose value we say our currency has lost its purchasing
power. It should be more properly referred to as embezzlement by the
banking industry.

Robert
Kahre owns a family business and instead of using paper money he paid
his workers with gold and silver coins minted by the United States government.
He paid them based on the “face value” of the coins. If
he paid a worker a dollar an hour he paid with a silver dollar, which
states on the coin that it is “one dollar” regardless of
today’s value. His wages were so low that he didn’t have
to file W-2 income tax forms or withhold taxes or pay workman’s
comp. This upset the IRS, which charged him and his family with 161
federal tax crimes.

The
case which was tried before a Las Vegas jury in a Federal Court, heard
testimony for almost four months. Defendants believed they had no legal
obligation to withhold, pay income taxes or report anything to the government
because the “face value” of the gold and silver coins is
so small as to fall beneath the reporting thresholds set by the Internal
Revenue Code. The government argued that the payments in gold and silver
US coins must be considered at their bullion, full-market value when
considering the worth of the wages for purposes of the IRS code. The
essence of the argument is that Congress is obligated by law to mint
and circulate such coins as demand requires, and must establish the
value of coins as they are used as legal tender, but a coin’s
market value is a distinct, separate attribute of such coins and is
of no legal consequence if the coins are used as legal tender. If a
worker is paid with such coins, his taxable income can only be the face
value indicated on the coin. “A coin dollar is worth no more for
the purposes of tender in payment of an ordinary debt than a note dollar.
The law has not made the note a standard of value anymore than coin.
It is true that in the market, as an article of merchandise, one is
of greater value than the other; but as money, as a medium of exchange,
the law knows no difference between them.”

On
September 17, the jury returned its verdict refusing to convict all
nine defendants of any of the 161 federal tax crimes they had been charged
with. One would think, “we the tax payers would want to hear that
the IRS was defeated by the use of the true money.” To my knowledge,
the results of this trial were never printed or broadcast by any of
the major news media. Three days after the trial’s conclusion,
the Las Vegas Review Journal ran its first and last story about the
outcome and then only because of public pressure from interested parties
who attended the trial.

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The
Department of Justice prosecutors know that justice was done and that
if this information was made available to the general public their house
of cards would come tumbling down. All federal agencies have a great
fear of the truth and only by controlling the news media can they keep
the world from caving in on their heads.

(After
typing this article, Beth (my secretary) has now surrendered the raise
that she has yet to receive, contingent on me agreeing to pay her in
gold & silver coins; see the truth does hurt.)

Derry Brownfield was born in 1932 and grew up
during the depression. He is a farmer and a broadcaster. Derry attended
the College of Agriculture at the University of Missouri where he received
his B.S. and M.S. degrees. He taught Vocational Agriculture several years
before going to work as a Marketing Specialist with the Missouri Department
of Agriculture. Derry served as Director of the Kansas City Livestock
Market Foundation at the Kansas City Stockyard prior to establishing himself
in farm broadcasting.

Derry started farming when he was 16 years old
and received the Future Farmers of America State Farmer degree in 1949.
Since that time the Brownfield Farm has grown to over 1000 acres maintaining
a herd of 200 registered Charolias cows.

In 1972, Derry and his partner established the
Brownfield Network which now serves 250 radio stations throughout the
Midwest with news and market information. In 1994, Derry started his own
syndicated radio talk show and he is one of the most popular radio talk
show hosts in America. The Derry Brownfield Show can be heard on approximately
80 radio stations in 23 states. With his entertaining sense of humor and
witty commentary he has captured audiences for over 30 years. His ability
to present an informative talk show while being light and colorful is
why he has a large loyal listening audience.

Derry Brownfield is a practical farmer, a practical
business man and a very entertaining speaker. He travels extensively throughout
the country speaking about his common-sense point of view.